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Cerro De Pasco Resources Inc C.CDPR

Alternate Symbol(s):  GPPRF

Metals & Mining Industrial Metals & Minerals
Cerro de Pasco Resources Inc. is a Canada-based mining and resource management company. The Company is engaged in mining, developing and exploring its wholly owned 6,000-hectare (ha) Santander Mine in the highly prospective Antamina-Yauricocha Skarn Corridor, located approximately 215 kilometers (km) from Lima. It is also focused on the development of its principal 100% owned asset, the El Metalurgista mining concession comprising mineral tailings and stockpiles extracted from the Cerro de Pasco open pit mine in Central Peru. Its Quiulacocha tailings deposit covers approximately 115 ha with tailings deposited in the Quiulacocha Tailings Storage Facility (TSF). The Excelsior Stockpile is located over 175 km north-northeast of the city of Lima in the Region of Pasco, Peru and covers a surface area of 67.92 ha and contains approximately 70 metric tons (Mt) of broken rock. The surface area of the Excelsior stockpile lying within the El Metalurgista mining concession is approximately 35 ha.


CSE:CDPR - Post by User

Cerro De Pasco Resources Inc
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Post by Betteryear2on Jun 28, 2023 11:30am
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Post# 35518558

CDPR Signs Term Sheets for an Aggregate of US$ 20.5M

CDPR Signs Term Sheets for an Aggregate of US$ 20.5M MONTRAL, June 28, 2023 /CNW/ - Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) ("CDPR" or the "Company") is pleased to announce that it has signed a term sheet with Ocean Partners UK Limited ("OPUK"), a metals trading firm and Arena Investors, LP ("ARENA"), a global asset manager, to provide an aggregate of US$ 12.0M to US$ 15.5M, consisting of a US$ 8.0M loan facility from ARENA and a US$ 4.0M to 7.5M revolving concentrate pre-payment facility from OPUK (together the "Financing").  In addition, the Company has secured a USD $5.0M term sheet with a private Peruvian fund in exchange for a 10% ownership position in CDPR's Santander subsidiary (the "Equity Interest").  The purpose of the Financing and Equity Interest will be to strengthen the Company's balance sheet during the physical development stage of the Santander Pipe Project at its Santander Mine in Peru.

CDPR Signs Term Sheets for an Aggregate of US$ 20.5M to Develop its Santander Mine (newswire.ca)
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